Recently asked questions relating to Boldon Colliery Lease Extensions

  • I am the registered owner of a flat in Boldon Colliery with a leasehold unexpired nearly 61 years and need to extend it. Please can you clarify the next stages
  • This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
  • We are selling our two bedroom first floor purpose built maisonette in Boldon Colliery but we may need to extend the lease, or at least cover the costs of our buyers. Can you recommend someone to handle this?
  • My neighbours and I are in a building comprising three flats in Boldon Colliery and have been offered to buy the freehold for £3,500 per flat rather than go for lease extensions. We are all in agreement that we want to do this but how do we get started and what is the likely cost?
  • I an interested in finding out more about leasehold property buying. We hope to buy a 1920s detached house which is leasehold property is there any problem involved or hidden costs. What are the downsides of purchasing a leasehold house in Boldon Colliery area with a loft extension..We are really concerned as we are first time buyers...Please advise if we want to lease out the property?
  • My OH and I would like to know the cost of a lease extension valuation for a property based in Boldon Colliery. Would you be able to help?
  • I am in need of some help with a lease extension. I live in Glasgow but the flat in question is based in Boldon Colliery. I would be grateful if you can give me a call when you get a chance to discuss the case.
  • If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not doing it?
  • Me and my partner are purchasing a ground floor flat in Boldon Colliery which has share of freehold and a leasehold. The lease was on the short side so the owner commenced extending the lease. The owner has submitted the lease extension paperwork to HMLR. An essential part of the conveyancing process is for our to do a pre-completion search on the lease. The concern here is that as a lease extension has been submitted we've been told by our it may not be possible to do this "priority search" right now as the new lease title number has not been issued. Is it correct that we have to hold on until the new lease is registered?
  • My mother is aware that others in the same block had already had a lease extension, and the freeholder seemed amenable. Therefore is seems worth taking risk of not having formal valuation and base the initial offer on on the premiums paid by others . This would save on double valuation charges. Is this advisable?

    • Find out more about a accredited conveyancer's need to have CQS Policy Templates applicable for conveyancers in Boldon Colliery